{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "None identified"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to reflect the performance of the Bloomberg Barclays US Long Treasury Index, which is a widely recognized and transparent index. It uses physical replication by investing primarily in the securities comprising the Benchmark Index, or a sampling replication strategy, both of which are generally considered non-complex methods. The KID highlights market risk as the primary risk, which is typical for bond ETFs and does not indicate structural complexity. There is no mention of derivatives being integral to the strategy, leverage, or any other features that would typically lead to a complex classification under MiFID II. The ETF is UCITS compliant, which by itself implies a certain level of regulatory oversight and investor protection that contributes to a non-complex classification. The risk category is rated 3 out of 7, indicating a moderate risk level not associated with inherent complexity."
    }
}